NZDJPY is looking for support … the week of 15 July, 2024
Zaktualizowano
The up trend that commenced in March has stalled a bit and price is retracing. Support could come at the 95.50 area and the 50% retracement of the recent bullish move is also nearby. At this point I have no interest in shorting this pair. IMO the bulls will regain control of this market and I want to trade long when there is evidence of that happening.
This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade.
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Please comment and share your thoughts too!!
This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade.
If you like my idea, please give a “boost” and follow me to get even more.
Please comment and share your thoughts too!!
Zlecenie aktywne
Test trade taken - small position because I did not get a lower entry.Zlecenie aktywne
Balance position set as pending buy was triggered at 95.55Transakcja zakończona: osiągnięto poziom stop
Still watching to see if this pair bottoms out.
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